Vishal Fabrics Limited (VFL), a denim and fabric company, is looking to expand its export operations by entering European and Latin American markets. According to a top corporate executive, the corporation is developing additional capabilities to serve to enlarged worldwide geographies and boost the revenue share of exports.
Currently, the firm is concentrating on the domestic market. Exports contribute for approximately 2% of the total revenues of 960 crore in fiscal 2020-21. East Africa, South Africa, and South Asia are among the nations to which it exports.
Vinay Thadani, COO, Vishal Fabrics, said, “As the export market proves to be profitable, the company is targeting the European and Latin American markets for enhancing its exports share.”
